Regulatory Alerts2014-12-24 | 29550Revised Terms and Conditions on Bureaux de Change Operations and Licence Renewal
The Bureau de Change Supervision has promulgated revised terms and conditions that standardize operational requirements for licensed exchange offices. The updated regulations mandate enhanced financial reporting, stricter capital adequacy thresholds, and comprehensive customer protection protocols. Furthermore, the framework defines a clear procedural pathway for licence applications and renewals while establishing strict enforcement mechanisms for non-compliant operators.
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